Before the Open (Nov 5)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets are mostly down. Japan, Hong Kong, South Korea, New Zealand and Singapore are down while only the Philippines are up a decent amount. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey, Russia, South Africa and Hungary are up; Denmark, Greece and Saudi Arabia are down. Future in the States point towards a slight down open for the cash market.
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BLOG: CCI – Everything You Need to Know
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up.
Overnight Stock Movers from barchart.com…
CME Group (CME +0.06%) was resumed at Bank of America/Merrill Lynch with a ‘Buy’ rating and a price target of $200.
Starbucks (SBUX +9.70%) was upgraded to ‘Buy’ from ‘Neutral’ at Mizuho Securities USA with a price target of $75.
Chevron (CVX +3.20%) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse with a price target of $138.
Signature Bank (SBNY -0.21%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target of $138.
Big Lots (BIG -0.51%) was rated a new ‘Buy’ at Bank of America/Merrill Lynch with a price target of $56.
Ansys (ANSS +1.40%) was upgraded to ‘Buy’ from ‘Hold’ at Benchmark Company LLC with a price target of $187.
Sage Therapeutics (SAGE +6.89%) rose more than 5% in after-hours trading after its drug, Zulresso (brexanolone), won approval from an FDA advisory panel for treatment of postpartum depression.
Consolidated Edison (ED -1.44%) was upgraded to ‘In-Line’ from ‘Underperform’ at Evercore ISI with a price target of $74.
Under Armour (UAA +1.54%) was upgraded to ‘Overweight’ from ‘Neutral’ at Piper Jaffray with a price target of $32.
Watts Water (WTS -0.32%) may move higher initially this morning when it reported after the close Friday Q3 adjusted EP of 99 cents, better than consensus of 96 cents.
Arconic (ARNC -0.52%) lost 1% in after-hours trading after the NY Post reported Apollo Global Management has demanded that liabilities From the June 2019 Grenfell Tower fire be ring-fenced as a condition for any bid for Arconic.
Today’s Economic Calendar
8:30 Fed’s Williams Speech
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX
1:00 PM Results of $37B, 3-Year Note Auction
7:00 PM Fed’s Kaplan Speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY